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Transcript

And Then There Were Four! · She's On The Money

• 0:00
  Speaker 1: Hello, my name's Santasha Nabananga Bamblet. I'm a proud yr
• 0:04
  Speaker 1: the Order Kerni Whoalbury and a waddery woman. And before
• 0:08
  Speaker 1: we get started on She's on the Money podcast, I
• 0:11
  Speaker 1: would like to acknowledge the traditional custodians of the land
• 0:14
  Speaker 1: of which this podcast is recorded on a wondery country,
• 0:18
  Speaker 1: acknowledging the elders, the ancestors and the next generation coming
• 0:22
  Speaker 1: through as this podcast is about connecting, empowering, knowledge sharing
• 0:27
  Speaker 1: and the storytelling of you to make a difference for
• 0:30
  Speaker 1: today and lasting impact for tomorrow.
• 0:33
  Speaker 2: Let's get into it. She's on the Money. She's on
• 0:37
  Speaker 2: the Money. Hello and welcome On the Money, the podcast
• 1:01
  Speaker 2: Millennials who want Financial Freedom. My friends, today is Friday,
• 1:05
  Speaker 2: which means we are back and it is time to
• 1:08
  Speaker 2: get our little team together to celebrate you, our incredible
• 1:12
  Speaker 2: She's on the Money community today, Miss Bech Sayeed is
• 1:15
  Speaker 2: going to be sharing her broke Broke tips. Mister Grici,
• 1:18
  Speaker 2: She's back with her money wins and confessions from the community.
• 1:21
  Speaker 2: We're going to be helping to answer a juicy money dilemma,
• 1:24
  Speaker 2: which this week is all about what you should be
• 1:26
  Speaker 2: doing with an inheritance, and we're going to be unpacking
• 1:29
  Speaker 2: something that you slid into our dams about which this
• 1:31
  Speaker 2: week we're chatting about sharing rent and bills with a partner,
• 1:34
  Speaker 2: which I think can be a little bit of a
• 1:36
  Speaker 2: fickle topic for some. But as you guys know, I
• 1:41
  Speaker 2: have been off for a little while. I've been just
• 1:44
  Speaker 2: having a baby. Which turns out he's decided to join
• 1:48
  Speaker 2: the show today his carrier. He has been perfectly asleep
• 1:53
  Speaker 2: up until right now, and he's decided, ah, here that
• 1:56
  Speaker 2: there's a mum talking, and there's a Jess, and there's
• 1:58
  Speaker 2: a Beck, and I want to be involved. So you
• 2:02
  Speaker 2: any squeaks or little moans, it's from a sleeping baby
• 2:06
  Speaker 2: called hearty because I had a boy in my friends
• 2:09
  Speaker 2: it's so cute. Or maybe me and me or Jess
• 2:11
  Speaker 2: my fall a sleep at some point. Yeah, but that's
• 2:13
  Speaker 2: so hard to like if I start singing or swaying,
• 2:15
  Speaker 2: please just cut that out of the episode. But how
• 2:18
  Speaker 2: have you been? Oh my god, everyone's back together, excited
• 2:22
  Speaker 2: and allowed to be back. Our guests weren't so exciting
• 2:25
  Speaker 2: that you wanted to kick me off the show and like,
• 2:27
  Speaker 2: just do guests forever? Not at all like, well, we checked,
• 2:31
  Speaker 2: they were actually busy. Yeah, yeah, we did check.
• 2:35
  Speaker 3: We did offer some which we tried some contracts and stuff,
• 2:39
  Speaker 3: but unfortunately nothing worked out.
• 2:41
  Speaker 2: Now, oh my gosh, I'm so sorry that that happened
• 2:43
  Speaker 2: to you, guys. I will let you know that I
• 2:46
  Speaker 2: am going to go on a holiday soon and so
• 2:49
  Speaker 2: I'll give you a few extra guests for that period
• 2:51
  Speaker 2: of time. But after that, I'm back for good. Okay,
• 2:54
  Speaker 2: So apologies in advance for the chop shop of she's
• 2:59
  Speaker 2: on the money at the moment, but I wanted to
• 3:02
  Speaker 2: come back. I didn't want to, like keep doing the
• 3:03
  Speaker 2: guest episode thing. I did one a few weeks back
• 3:06
  Speaker 2: with you guys, and then I'll go on holiday and
• 3:08
  Speaker 2: you will watch via my Instagram stories and then I'll
• 3:11
  Speaker 2: be back.
• 3:11
  Speaker 3: Okay, okay, that's so fine. I'm happy that you're back.
• 3:15
  Speaker 3: I really missed out all about dynamics together, like this
• 3:18
  Speaker 3: is how it's meant to be.
• 3:19
  Speaker 2: We're a good little team. Uh yeah, I really like this.
• 3:21
  Speaker 2: I like us, And I mean that's biased because I
• 3:24
  Speaker 2: am us. I feel like other people could validate that though,
• 3:28
  Speaker 2: But let's get into the episode. I am very excited.
• 3:32
  Speaker 2: I feel like I've missed out on a lot. Beck,
• 3:33
  Speaker 2: if you've got some broke tips for us this week?
• 3:35
  Speaker 2: If so, what are they? Can you share with the team?
• 3:37
  Speaker 2: Of course I can. Okay, So these are a little
• 3:39
  Speaker 2: bit unhinged, and I just want to say I expected
• 3:42
  Speaker 2: to be completely hinged by the time I returned.
• 3:46
  Speaker 3: True, I was that was my goal. I was like,
• 3:48
  Speaker 3: when Victoria gets back, I'm going to impress her.
• 3:50
  Speaker 2: With another broke tip. Exactly exactly. I do want to say.
• 3:53
  Speaker 3: When I started the broke tips thing, I was like,
• 3:55
  Speaker 3: I'll share my own, which I quickly realized We're a
• 3:57
  Speaker 3: little bit too unhinged. So I'm going to go back
• 4:00
  Speaker 3: to that. Okay, But anyway, Love, you'll see what I mean.
• 4:04
  Speaker 3: So firstly, we have two from the community. The first
• 4:07
  Speaker 3: one comes from Chesney. I hope I'm saying that right,
• 4:10
  Speaker 3: Chesney says, And this is again something I have mentioned before,
• 4:13
  Speaker 3: but we have a new addition to what I mentioned.
• 4:15
  Speaker 3: So get a library card. You can get audiobooks for free.
• 4:17
  Speaker 3: We have mentioned Libby, but this is a new one
• 4:19
  Speaker 3: I had not mentioned before. I did not know about
• 4:23
  Speaker 3: borrow box. Has anyone heard of that before?
• 4:25
  Speaker 2: No, you're right, this is new Becky is good at
• 4:28
  Speaker 2: trying to recycle, but this is not recycled. When this
• 4:32
  Speaker 2: is new and fresh, it is reduced for use.
• 4:34
  Speaker 3: Recycle, they want to say, So borrowbox is I believe
• 4:37
  Speaker 3: it's essentially the same thing. You can also get fifteen
• 4:40
  Speaker 3: hours of audiobooks, of course for free with Spotify Premium.
• 4:43
  Speaker 3: You can also have more than one library card, so
• 4:45
  Speaker 3: if you join multiple times, if they don't have what
• 4:48
  Speaker 3: you want, you can ask like more libraries and more.
• 4:51
  Speaker 2: You could borrow cheese on the money from multiple places.
• 4:53
  Speaker 2: True true, get it back to back to back.
• 4:56
  Speaker 3: You could just read it over and over and over
• 4:58
  Speaker 3: again till it seems exactly.
• 5:00
  Speaker 2: I would like people to consume my books three out,
• 5:02
  Speaker 2: one more out very soon if you haven't pre ordered it.
• 5:05
  Speaker 2: It's out. Money Diaries is coming out at the start
• 5:08
  Speaker 2: of May, which is very very exciting, very exciting.
• 5:12
  Speaker 3: So that's a good one borrow Box, so have a
• 5:14
  Speaker 3: little googs. The next one comes from Bridget who says
• 5:17
  Speaker 3: that some airlines let you purchase your checked baggage using
• 5:21
  Speaker 3: your airline miles instead of cash.
• 5:23
  Speaker 2: So I'm booking a flight on a budget.
• 5:25
  Speaker 3: You can book the basic economy seat, which is always cheaper,
• 5:28
  Speaker 3: but it doesn't include the free checked bag, So use
• 5:30
  Speaker 3: your miles to save some money.
• 5:32
  Speaker 2: I didn't realize that was a thing's smart. I didn't
• 5:34
  Speaker 2: realize to do that totally. Would have been nice for
• 5:36
  Speaker 2: you to give me that tip before I booked my.
• 5:38
  Speaker 4: Flights, literally me in America last year, paying like one
• 5:41
  Speaker 4: hundred and fifty dollars you don't wait baggage.
• 5:44
  Speaker 3: I was, oh, my goodness, because I'd stucked up on pumpkins.
• 5:48
  Speaker 2: It was, it's so funny, what we're not joking? She
• 5:52
  Speaker 2: went to where was it Target, Target in the US,
• 5:55
  Speaker 2: and she bought a whole heap of these plastic, hollow
• 5:59
  Speaker 2: pumpkins because Australia doesn't have that much Halloween decorations. And
• 6:05
  Speaker 2: you do love a theme, just doesn't love a thing.
• 6:07
  Speaker 2: Jess is the theme, like she is the moment. She
• 6:10
  Speaker 2: needed her pumpkins. We were all very supportive of it,
• 6:13
  Speaker 2: but we all laughed a lot when the pumpkins cost
• 6:16
  Speaker 2: her a lot of money to get home. And that
• 6:18
  Speaker 2: wasn't just one hundred and fifty dollars back, it was
• 6:20
  Speaker 2: one hundred and fifty usd Oh, that's like three hundred
• 6:23
  Speaker 2: dollars something. Yeah, it was don't don't tell it. Sorry,
• 6:26
  Speaker 2: we decided not to work that out. Next time, I'll
• 6:30
  Speaker 2: use my airline for it.
• 6:31
  Speaker 3: Yes, good idea, or maybe no pumpkins, but whatever.
• 6:36
  Speaker 2: Ridiculous we need to bring the pumpkins.
• 6:40
  Speaker 3: That's so true. Okay, so my tip is very on topic. Actually,
• 6:45
  Speaker 3: so this might help you in the future. And this
• 6:47
  Speaker 3: is something I have always done, but I've never actually
• 6:50
  Speaker 3: acknowledged it until I saw this airline baggage broke tip
• 6:54
  Speaker 3: come through. So what I do every single time I travel.
• 6:57
  Speaker 3: I am scared of aeroplanes, so it's not often, but
• 6:59
  Speaker 3: when I do, I will usually just take one bag
• 7:02
  Speaker 3: with me and the way I do that like, and
• 7:04
  Speaker 3: it usually has no clothing in it because what I
• 7:06
  Speaker 3: do is I wear several pairs of underwear, several pairs
• 7:10
  Speaker 3: of stocks. I promise you, several pairs of pants shirts
• 7:14
  Speaker 3: in that way. That way, I don't have to put
• 7:18
  Speaker 3: any clothes in my bag.
• 7:21
  Speaker 2: Why beck Best, Yes, Hippy, surely you've got enough space
• 7:27
  Speaker 2: for the undies. I probably do, Like, surely there's enough, Jesse,
• 7:38
  Speaker 2: are right, It's so I'm literally crying. I'm so sorry.
• 7:53
  Speaker 2: Several pairs of shoes. No, you don't you don't wear
• 7:59
  Speaker 2: multiple don't take it? Actually do and this is because
• 8:01
  Speaker 2: I'm like so niced to it. Why, well, like the
• 8:04
  Speaker 2: undies are like your undies that they don't fit down
• 8:09
  Speaker 2: the side in the bag that your carriage. You're done crying, guys, But.
• 8:17
  Speaker 4: You said the thing that you said, the bag is empty?
• 8:24
  Speaker 2: Hold us, what's in the bag? Your stuff in the
• 8:29
  Speaker 2: bag's empty? But what are you putting in the bag? So, buddy,
• 8:31
  Speaker 2: so all your other things?
• 8:33
  Speaker 3: So like let's say, like when I do this, that
• 8:35
  Speaker 3: means I don't have to have any checked baggage.
• 8:37
  Speaker 2: You know what, I don't have to go and check
• 8:38
  Speaker 2: any bag. But you know you can have carry on, right,
• 8:41
  Speaker 2: you can carry on one baggage all all the.
• 8:44
  Speaker 3: Stuff, everything I've ever needed is in the carry on
• 8:47
  Speaker 3: and all my clothes are of my body.
• 8:50
  Speaker 2: Yeah, but like, is there not any room left in
• 8:52
  Speaker 2: the carry on? Like both Jess and I chronic overpackage.
• 8:57
  Speaker 2: Like we know we are the worst, okay, but but
• 9:00
  Speaker 2: if we are going to Sydney for the weekend, you
• 9:02
  Speaker 2: best believe both of us can pack just to carry
• 9:06
  Speaker 2: on and get this back our clothes in the carry on.
• 9:11
  Speaker 4: How long are you talking about like, how long of
• 9:13
  Speaker 4: a trip are you doing this?
• 9:14
  Speaker 2: Like' just headed off to the US, and She's got.
• 9:19
  Speaker 5: Usually like I'll do this if I'm like I don't
• 9:23
  Speaker 5: usually go overseas, but if I do, all do this,
• 9:27
  Speaker 5: you know, and then I'll just kind of like sort
• 9:29
  Speaker 5: it out when I get there.
• 9:30
  Speaker 2: But then do you have to then wash all pairs
• 9:32
  Speaker 2: of nickers or do you detail clean because they've technically
• 9:36
  Speaker 2: had a barrier of nickers between them. Yeah, well anything
• 9:40
  Speaker 2: after the second pair, Yeah, I agreed, And then I
• 9:45
  Speaker 2: am so concerned about your mental health right now.
• 9:49
  Speaker 3: But also, this is the other thing too, is that
• 9:50
  Speaker 3: my partner, my girlfriend.
• 9:54
  Speaker 2: I remember when this was like full secret. I know
• 9:57
  Speaker 2: now it's not a secret. That's all spam each other
• 10:00
  Speaker 2: on Instagram and I'm like, oh yeah, real subtle guys.
• 10:04
  Speaker 2: It's actually really like low Keino.
• 10:05
  Speaker 3: Would really thousand people. But yeah, so she often like
• 10:10
  Speaker 3: goes and she will like way back ahead of time.
• 10:12
  Speaker 3: But sometimes you just get stuck and you go when
• 10:13
  Speaker 3: you get on the plane, you don't realize but you're
• 10:16
  Speaker 3: actually like a kilo or over and that might be
• 10:18
  Speaker 3: like one hundred bucks.
• 10:19
  Speaker 2: I don't know.
• 10:19
  Speaker 3: I don't know how much it costs because it's never
• 10:21
  Speaker 3: happened to me because I'm always wearing.
• 10:23
  Speaker 2: But like what if what if yes go where you
• 10:26
  Speaker 2: just underpack? Like what if you if you everything in
• 10:29
  Speaker 2: your suitcase and then if you got there and it
• 10:31
  Speaker 2: was over, then I would be like, oh, you can
• 10:33
  Speaker 2: put your jacket on or you can put an extra
• 10:36
  Speaker 2: top on it. That point, I think we've.
• 10:39
  Speaker 4: All done the airport shuffle, like for sure, and the
• 10:41
  Speaker 4: bags and that'll be.
• 10:43
  Speaker 2: One hundred dollars. You go, no, sir, no, sir, I
• 10:45
  Speaker 2: will make this way and then you put every But
• 10:47
  Speaker 2: that's why.
• 10:48
  Speaker 3: Jack, I'm just too awkward. I'd be like, oh, yes,
• 10:52
  Speaker 3: I've paid for that. So that's why I have to
• 10:54
  Speaker 3: do it ahead of time.
• 10:58
  Speaker 2: I just broke tips. And if anyone can tell our
• 11:01
  Speaker 2: producer doesn't okay them before they get to the show.
• 11:05
  Speaker 3: We literally just stopped doing that. That's why I'm like,
• 11:07
  Speaker 3: I'm going to go.
• 11:08
  Speaker 2: I'm going I like it. I like it. It's a
• 11:11
  Speaker 2: good chip. It's one that I probably won't take my shot,
• 11:14
  Speaker 2: but someone out there might be really interested in that.
• 11:17
  Speaker 2: Speaking broke tips though, our friend Indy Simmons has she
• 11:22
  Speaker 2: started a new podcast, Yes and You Went on it recently,
• 11:25
  Speaker 2: didn't you? I sure did. Beck what's it called cheap skates?
• 11:28
  Speaker 2: And what do you talk about on cheap skates?
• 11:30
  Speaker 3: So she will kind of like get a true story.
• 11:34
  Speaker 3: She's always telling true stories about a very like, you know,
• 11:36
  Speaker 3: a cheap skate of any kind, and they usually quite
• 11:39
  Speaker 3: outrageous stories, more than just wearing oil clothes on the plane.
• 11:43
  Speaker 2: And yet like they're way better, yeah, way better. This
• 11:47
  Speaker 2: is my way of making up for our terrible broke
• 11:51
  Speaker 2: tips is to give you a better podcast.
• 11:54
  Speaker 3: Exactly exactly, and so you'll go on only she does
• 11:57
  Speaker 3: has two episodes out now, but she has many more
• 11:59
  Speaker 3: in the bank, so just keep an iron ear out.
• 12:02
  Speaker 2: She's had Marley from Big Brother.
• 12:04
  Speaker 3: I'm not sure if anyone remembers, but I certainly do
• 12:06
  Speaker 3: because he's very good looking. And then we have myself,
• 12:09
  Speaker 3: I have a girlfriend. Step back, I know, Oh my goodness,
• 12:11
  Speaker 3: what I'm talking about? Cut that out please, And then
• 12:14
  Speaker 3: we have Alex Water's a comedian and etcetera, etcetera.
• 12:17
  Speaker 2: So she's a very well connected lady, and as a
• 12:21
  Speaker 2: friend of the show, I feel like it only makes
• 12:23
  Speaker 2: sense to promo her pod because it's about cheapskates.
• 12:25
  Speaker 1: To.
• 12:26
  Speaker 2: We'll put a link to her show in our show
• 12:28
  Speaker 2: notes so you can go and check it out. But
• 12:30
  Speaker 2: it's very, very cool, and I'm very excited about it
• 12:32
  Speaker 2: because they're the pervy stories that everyone wants to hear,
• 12:35
  Speaker 2: especially when it's about money. Yeah, there's a really neat story.
• 12:37
  Speaker 2: But let's segue back to the community. Jess Ricci, what
• 12:42
  Speaker 2: have you got when it comes to money wins and confessions?
• 12:44
  Speaker 6: All right?
• 12:44
  Speaker 2: My first money is going to be new to me?
• 12:47
  Speaker 2: Oh Man Mattley. For all I did was read these
• 12:49
  Speaker 2: threads your favorite you. I had so much photo. I
• 12:53
  Speaker 2: was like, what's going on? Please this little like the
• 12:56
  Speaker 2: little orphan outside the window some more.
• 13:00
  Speaker 4: My first money win this week is from Rhiannon, who
• 13:02
  Speaker 4: said money win Coal's bag.
• 13:04
  Speaker 2: She wrapping paper.
• 13:06
  Speaker 4: She forgot to buy wrapping paper, so she cut up
• 13:08
  Speaker 4: a Coals bag, flipped it inside out, and wrapped the gift.
• 13:11
  Speaker 4: She used a bow off the sheet that she got
• 13:13
  Speaker 4: on clearance after Easter for fifty cents. That's really smart,
• 13:16
  Speaker 4: really smart, and it looks she put in a photo.
• 13:18
  Speaker 4: It looks just like the fancy butcher's paper wrapping.
• 13:21
  Speaker 2: Oh, she's a genius. It looks beautiful. Do you know
• 13:24
  Speaker 2: what I would one love to get that gift looks
• 13:26
  Speaker 2: really cute, but i'd like keep be like, oh, she's
• 13:29
  Speaker 2: a smart cookie. Once I opened it and realized it
• 13:31
  Speaker 2: was a coals bag, I'd be like, this old genius
• 13:33
  Speaker 2: because they're hard to reuse the paper bags, Like if
• 13:36
  Speaker 2: you're not like and I buy the paper bags because
• 13:38
  Speaker 2: I know they're better for the environment than those like
• 13:40
  Speaker 2: quote reusable plastic ones, Like, they're not really that reusable
• 13:44
  Speaker 2: because no one actually packs them up and takes them
• 13:46
  Speaker 2: back to the supermarket. Right, So, such a good way
• 13:49
  Speaker 2: to reuse the bag. I love that.
• 13:51
  Speaker 4: Next, I've got a money win from Amy, who said
• 13:53
  Speaker 4: my partner signed up to do some product reviews and
• 13:55
  Speaker 4: they sent us four tubes of toothpaste. She said they're
• 13:58
  Speaker 4: covered up, but it's easy to tell what brand they are,
• 14:01
  Speaker 4: so I think it's like a think it's like a
• 14:02
  Speaker 4: blind test kind of. She said, fifty bucks a toothpaste
• 14:06
  Speaker 4: for free, and then once we use them and review them,
• 14:08
  Speaker 4: we get a fifty do gift card. Money.
• 14:10
  Speaker 2: That's so good is that? How long would it take
• 14:13
  Speaker 2: you to get through four tubes of toothpaste?
• 14:15
  Speaker 3: Oh?
• 14:16
  Speaker 2: If two people are using it? Not that I don't know,
• 14:19
  Speaker 2: like your standard tube. Yeah, Like I couldn't even tell
• 14:23
  Speaker 2: you how quickly I go through toothpaste.
• 14:25
  Speaker 4: It's one of those things you feel like you have
• 14:27
  Speaker 4: heaps and then all of a sudden, like you have one.
• 14:29
  Speaker 2: That's true. I'm queezing tory, like cunning the tube. Yeah, yeah,
• 14:34
  Speaker 2: there's never in between. No, they really bought a pump toothpaste,
• 14:38
  Speaker 2: and I thought that was genius because I was like, cool,
• 14:41
  Speaker 2: like that's really easy. Yeah, but we're not giving them credit.
• 14:44
  Speaker 2: They mark it everywhere. They do not need us either.
• 14:47
  Speaker 2: It's the weird flavors for me. No, No, I got
• 14:49
  Speaker 2: the smooth mint, don't worry. I got the like I
• 14:52
  Speaker 2: like bacon or something. No, I just I don't know
• 14:57
  Speaker 2: how clean my teeth would feel after using a flavor toothpaste.
• 15:00
  Speaker 2: I agree, however, I did. This is a bit rogue.
• 15:03
  Speaker 2: I did buy the Colgate toothpaste the other day because
• 15:06
  Speaker 2: it's peach flavored. But it's like peachy mint, and the
• 15:09
  Speaker 2: second I tried it, I was like, Jess is gonna
• 15:11
  Speaker 2: love this? That sounds delicious. Yeah, so I'll get you
• 15:14
  Speaker 2: some toothpaste. But the pump, you just don't know when
• 15:17
  Speaker 2: it's gonna end, because with the tube you can kind
• 15:19
  Speaker 2: of see it and track it. I just ran out
• 15:21
  Speaker 2: of toothpaste and I was like, wait, what I don't
• 15:23
  Speaker 2: like that? Now there's none. Stressful, stressful, very stressful. Carry on, Jess, Sorry,
• 15:28
  Speaker 2: you're fine.
• 15:29
  Speaker 4: Next day for money went from Lisa, who said, after
• 15:31
  Speaker 4: receiving an almost forty percent increase on our Home and
• 15:34
  Speaker 4: Contents insurance renewal, I called around, I got some quotes,
• 15:37
  Speaker 4: and I was able to almost have that renewal, which
• 15:40
  Speaker 4: means this year we're actually paying less than last year money.
• 15:44
  Speaker 2: Weird, and also a really good reminder that if you've
• 15:48
  Speaker 2: been looking at your budget and you're like, oh, there's
• 15:49
  Speaker 2: nothing I can really cut out, have you actually reviewed
• 15:53
  Speaker 2: the expenses you have? So if you've got some you know,
• 15:56
  Speaker 2: insurance that you're paying for, is that the best deal?
• 15:59
  Speaker 2: If you're paying more than thirty bucks a month for
• 16:01
  Speaker 2: your SIM plan on your phone, that's too much in
• 16:03
  Speaker 2: my opinion. So like review, review, review, and always try
• 16:06
  Speaker 2: and cut down pre existing expenses. We're not saying get
• 16:09
  Speaker 2: rid of the expense, just so if you can get
• 16:11
  Speaker 2: a better deal, yeah.
• 16:12
  Speaker 4: And don't yeah we have that, get a better deal
• 16:14
  Speaker 4: script on our website. So good deal you head to
• 16:17
  Speaker 4: the resources page. It right free it is. Next, I've
• 16:20
  Speaker 4: got money win from Lisa, who said that's a second Lisa,
• 16:24
  Speaker 4: But Lisa, this Lisa is spelled with two eas different Lisa.
• 16:27
  Speaker 4: Lisa said, I pressure washed the house last weekend and
• 16:31
  Speaker 4: I got water into an external light fitting. No, it
• 16:35
  Speaker 4: blew the lights in our entire house and the solar power.
• 16:39
  Speaker 4: I thought it was going to be an incredibly expensive fix,
• 16:42
  Speaker 4: but turns out it was just a forty dollar fuse
• 16:45
  Speaker 4: and her partner fit it himself.
• 16:47
  Speaker 2: Oh, money win.
• 16:48
  Speaker 4: Relief was almost small money loss, but I always still
• 16:51
  Speaker 4: call out a money win.
• 16:52
  Speaker 2: That's a money win, but also like, let's just be
• 16:54
  Speaker 2: careful with high pressure washing and electricity completely that gives
• 16:59
  Speaker 2: me so much anxiety. Please be safe people.
• 17:01
  Speaker 4: And then lastly, I have two money wins from buy
• 17:05
  Speaker 4: nothing groups which are like my favorite thing ever. I
• 17:06
  Speaker 4: love it buy nothing group. Firstly, Tinachet said I received
• 17:09
  Speaker 4: a salon sized waxing pot and leg rollert waxes and
• 17:13
  Speaker 4: strips all full of wax thanks to the buy nothing
• 17:15
  Speaker 4: group on Facebook. I've been waxing my legs Brazilian and
• 17:18
  Speaker 4: under arms and diy Brazilian.
• 17:21
  Speaker 2: Yeah, or I could never bold. The yoga involved crazy.
• 17:27
  Speaker 4: She said it was costing her one hundred and thirty
• 17:28
  Speaker 4: eight bucks every six weeks. Now she can wax herself
• 17:30
  Speaker 4: all the time and it's free money.
• 17:32
  Speaker 2: Weeds so good, I believe that. I'm very impressed.
• 17:34
  Speaker 4: And then Marie said her as six sneakers died, she
• 17:37
  Speaker 4: couldn't afford new ones, but she's snagged a pair on
• 17:40
  Speaker 4: her local buy nothing group, practically brand new and in
• 17:42
  Speaker 4: her size. And the lady threw in some lines for free.
• 17:45
  Speaker 2: Oh mallween, I love this.
• 17:47
  Speaker 4: Join your local buy nothing group, get some stuff if
• 17:50
  Speaker 4: you can give some stuff.
• 17:51
  Speaker 2: It's so good. I love that suggestion, very very good.
• 17:55
  Speaker 2: I'm still thinking about how I would give myself a Brazilian.
• 17:58
  Speaker 2: I don't think I could pull.
• 18:00
  Speaker 4: I think I would put the wax on and I'd
• 18:01
  Speaker 4: just be like, no, do it there forever.
• 18:06
  Speaker 2: I can't imagine. I can literally imagine Jess calling me
• 18:09
  Speaker 2: and being like, viye, I have a dilemma. Please please
• 18:11
  Speaker 2: come to my house and fix it. Anyway, Let's go
• 18:14
  Speaker 2: to a really quick break before this goes somewhere it
• 18:16
  Speaker 2: shouldn't on the flip side. We're going to be talking
• 18:18
  Speaker 2: about what you can do with an inheritance, and we're
• 18:22
  Speaker 2: unpacking something you slid into our DMS about. This week,
• 18:25
  Speaker 2: we're chatting about sharing rent and bills with a partner.
• 18:27
  Speaker 2: So don't go anywhere. Welcome back, everybody. Let's take a
• 18:35
  Speaker 2: listen to this week's money dilemma. Hi. There, have you
• 18:40
  Speaker 2: got a money dilemma you just can't solve? The She's
• 18:43
  Speaker 2: on the Money team is here to help. Every week,
• 18:45
  Speaker 2: we tackle your dilemmas, both big and small, to answer
• 18:48
  Speaker 2: your most burning money, career and life questions. To get involved,
• 18:52
  Speaker 2: simply head to our website and leave us a short
• 18:54
  Speaker 2: voice recording and you might just find yourself on the show. Now,
• 18:57
  Speaker 2: let's take a listen to this week's money dilemma.
• 19:01
  Speaker 6: Hi, guys, I just wanted to send in my money
• 19:04
  Speaker 6: to LATA. I am twenty two years old and I'm
• 19:07
  Speaker 6: a registered nurse on the Gold Coast. I finished UNI
• 19:09
  Speaker 6: last year, so I'm a graduate nurse now. I have
• 19:12
  Speaker 6: always been living paycheck to paycheck, like ever since I
• 19:15
  Speaker 6: was a teenager. Up until now, I've always had the
• 19:18
  Speaker 6: same amount of money in my bank account, which is
• 19:20
  Speaker 6: just wild considering I earn so much more now, but
• 19:22
  Speaker 6: also I do pay rent and bills and all those
• 19:25
  Speaker 6: things now too. But I just got to positive thirteen
• 19:28
  Speaker 6: thousand dollars as a form of inheritance, and I just
• 19:30
  Speaker 6: wanted some advice and tips to try and use this
• 19:34
  Speaker 6: money to try and get me ahead and make some
• 19:38
  Speaker 6: smart decisions with it. So thanks so much, guys, look
• 19:40
  Speaker 6: forward to hearing from you.
• 19:41
  Speaker 2: I feel like this is such a good question, and
• 19:44
  Speaker 2: given over the next ten years, we are going to
• 19:46
  Speaker 2: see the biggest transfer of intergenerational wealth this Unfortunately, it
• 19:51
  Speaker 2: might be a situation that a lot of us find
• 19:53
  Speaker 2: ourselves in. But I think the first thing I would
• 19:56
  Speaker 2: say when it comes to inheritance is you do not
• 19:59
  Speaker 2: need to make a decision right now, Like that money
• 20:02
  Speaker 2: could sit there for a year or more, literally earning
• 20:05
  Speaker 2: zero while you work out what you want to do.
• 20:08
  Speaker 2: I think so many times, especially when you have an inheritance,
• 20:12
  Speaker 2: you've got Uncle Bob over here giving you advice and
• 20:15
  Speaker 2: Arnie Jill saying, oh, you should be getting into the
• 20:17
  Speaker 2: property market, and someone else is suggesting crypto like, just
• 20:20
  Speaker 2: sit on it for a while and work out what
• 20:22
  Speaker 2: your values are and what you could be doing with it.
• 20:25
  Speaker 2: Thirteen thousand dollars is a lot of money. In fact,
• 20:27
  Speaker 2: if you invested it in the Australian share market, thirteen
• 20:30
  Speaker 2: grand invested today in thirty years is going to be
• 20:33
  Speaker 2: about two hundred and thirty thousand dollars in thirty years.
• 20:37
  Speaker 2: So that's a lot of money to be making. But
• 20:39
  Speaker 2: it also could turn into more in property, or it
• 20:42
  Speaker 2: could turn into more in crypto or more indifferent shares.
• 20:45
  Speaker 2: It's completely up to you. I mean, you might want
• 20:48
  Speaker 2: to use that inheritance money to go on a holiday.
• 20:50
  Speaker 2: You might go, you know what, this is the best
• 20:52
  Speaker 2: use of these funds, and that's completely up to you.
• 20:54
  Speaker 2: There's actually no right or wrong I think when we
• 20:57
  Speaker 2: get an inheritance, though there can actually and it didn't
• 21:01
  Speaker 2: sound like this in your tone of voice, but often
• 21:03
  Speaker 2: there's a certain level of guilt because someone has passed
• 21:05
  Speaker 2: away for an inheritance to have occurred, and that's not
• 21:08
  Speaker 2: a nice situation. And sometimes when you get an inheritance,
• 21:11
  Speaker 2: maybe you we're really close with the person, so you
• 21:13
  Speaker 2: want to make sure that you're doing the right thing
• 21:15
  Speaker 2: with the money and not disappointing them, or on the
• 21:18
  Speaker 2: flip side, you might not have been close, and you go,
• 21:20
  Speaker 2: oh my gosh, this person that should have been close
• 21:22
  Speaker 2: to me and wasn't. We had a bit of a
• 21:24
  Speaker 2: disjointed relationship has passed away and I've got money and
• 21:26
  Speaker 2: now I feel guilty for even having it in the
• 21:28
  Speaker 2: first place because we didn't have a good relationship. So
• 21:30
  Speaker 2: money in these circumstances is really fickle, and I think
• 21:33
  Speaker 2: it's important for you to take the time to work
• 21:35
  Speaker 2: out what you want to do with it and work
• 21:37
  Speaker 2: through that guilt, because you shouldn't feel guilty at the
• 21:39
  Speaker 2: end of the day. That money is for you and
• 21:42
  Speaker 2: it is to put you in the best possible position.
• 21:44
  Speaker 2: So what would you like to do with it. There's
• 21:46
  Speaker 2: no you should invest it or you should do this.
• 21:48
  Speaker 2: The second someone tries to give you advice, disregard it,
• 21:52
  Speaker 2: or take it on with a grain of salt and
• 21:54
  Speaker 2: put it to the side and wait, because there's always,
• 21:57
  Speaker 2: always always going to be another opportunity, is going to
• 22:00
  Speaker 2: be something else to invest in. You don't need to
• 22:02
  Speaker 2: jump on the next investing trend, because I promise if
• 22:06
  Speaker 2: it is a trend right now, it's not going to
• 22:07
  Speaker 2: put you in the best possible position. We need to
• 22:09
  Speaker 2: be thinking long term. But also I want to give
• 22:12
  Speaker 2: you permission to do whatever you want with that money,
• 22:15
  Speaker 2: because it's up to you. What I want you to do, though,
• 22:17
  Speaker 2: is make an educated decision. Have you thought about investing?
• 22:20
  Speaker 2: Have you thought about property? Have you thought about date reduction?
• 22:23
  Speaker 2: Have you thought about, you know, an asset. Maybe you
• 22:25
  Speaker 2: want to buy a car. Maybe you want to invest
• 22:27
  Speaker 2: it in something that is more sentimental. It might be
• 22:29
  Speaker 2: a piece of art, it might be literally anything. But
• 22:32
  Speaker 2: there is no right and no wrong when it comes
• 22:35
  Speaker 2: to an inheritance. But I guess that's a good question, Jess,
• 22:38
  Speaker 2: if you came into thirteen grand tomorrow, what would you
• 22:41
  Speaker 2: do with it? I feel like I'd be boring and
• 22:43
  Speaker 2: I would put it in my house deposit. Would you?
• 22:45
  Speaker 2: I mean I thought she would have said, I'm gonna
• 22:48
  Speaker 2: go buy a Snell double flap.
• 22:49
  Speaker 4: Yeah, that it's a very expensive, very beautiful bag, like
• 22:55
  Speaker 4: very okay, it would take up it's almost all of
• 22:58
  Speaker 4: It's like it's everyone has that. Oh you don't because
• 23:01
  Speaker 4: you're not materialistic. I'm feeling like a little materialistic shit.
• 23:05
  Speaker 2: You don't have to worry this side of the table.
• 23:08
  Speaker 2: Quite materialistic, willing to work for it, absolutely, but also
• 23:11
  Speaker 2: handbags are important to us. Yeah, sorry, not sorry, it's.
• 23:15
  Speaker 4: Like my dream handbag. But like they're literally they've it's
• 23:19
  Speaker 4: one of those things. They've gone up and up and.
• 23:20
  Speaker 2: Up in price. They're literally like ten thousand. To be honest,
• 23:23
  Speaker 2: they're a very good investment. It's like investing in Burkins.
• 23:25
  Speaker 2: In Burkins, which are by the brand MS I think
• 23:28
  Speaker 2: have a forty seven percent return.
• 23:30
  Speaker 4: If you don't use the bag, I'd probably buy my
• 23:32
  Speaker 4: second hand. Like if that like, you.
• 23:34
  Speaker 2: Wouldn't be a little fruit.
• 23:36
  Speaker 3: If you're spending that much, you may as well get
• 23:38
  Speaker 3: it full price, is what I'm thinking.
• 23:40
  Speaker 1: You know what I mean.
• 23:40
  Speaker 2: We'll see if you buy a Burkins second hand, it's
• 23:43
  Speaker 2: much more expensive because they're so hard to get in store.
• 23:47
  Speaker 2: In store, you could be spending like fifteen thousand dollars
• 23:50
  Speaker 2: on a Burken, but second hand twenty five thousand plus.
• 23:54
  Speaker 2: Isn't that wild to think that a handbag is worth
• 23:56
  Speaker 2: that much? Yeah, that's wild. What would you do with
• 23:59
  Speaker 2: thirteen grand? And if you have thirteen grand in your
• 24:01
  Speaker 2: hot little hands tomorrow, you know.
• 24:03
  Speaker 3: It's just funny because when I was made redundant, as
• 24:05
  Speaker 3: everyone knows, because I went shut up about it.
• 24:07
  Speaker 2: I was literally on about it. It's not like it's
• 24:10
  Speaker 2: like your livelihood or that's so true. It's not a deal.
• 24:13
  Speaker 3: I was not even like it's impacting your income was
• 24:16
  Speaker 3: given exactly thirteen thousand. Yeah, I was so, But that's
• 24:20
  Speaker 3: a different story. It is different. But I'm thinking, like,
• 24:23
  Speaker 3: if I still had a regular income with that thirteen thousand,
• 24:26
  Speaker 3: I probably would do things that I can't. I probably
• 24:29
  Speaker 3: could do now, but I just like, I'm really bad
• 24:31
  Speaker 3: with my money still, but I would like get my
• 24:33
  Speaker 3: car fixed, get a new phone my phone's broken, Like,
• 24:37
  Speaker 3: do all the things I need to do just to
• 24:39
  Speaker 3: feel like my day to day isn't super Yeah, exactly,
• 24:43
  Speaker 3: Like I can literally hear my clutch slipping as I
• 24:45
  Speaker 3: drive to work every morning.
• 24:46
  Speaker 2: I'm like, I would do those kind of things. It
• 24:48
  Speaker 2: must be nice to be able to drive manual. Can't
• 24:50
  Speaker 2: do that. I can teach you. If you like olding
• 24:54
  Speaker 2: your budget, you teach me to drive manual perfect. It's
• 24:56
  Speaker 2: actually a deal. Do we trust Bex driving? Yeah? Don't
• 25:00
  Speaker 2: trust her?
• 25:00
  Speaker 3: Flight tips trusted, thank you, But no, I think like
• 25:05
  Speaker 3: after all those things are done, I would then maybe
• 25:08
  Speaker 3: just sit on it until I probably wouldn't invest it yet,
• 25:11
  Speaker 3: I'd be like, I'll sit on it, put it in
• 25:12
  Speaker 3: an I'd start an emergency fund.
• 25:14
  Speaker 2: Finally, that would probably be that Yeah, you know what
• 25:16
  Speaker 2: I mean?
• 25:16
  Speaker 3: Yeah, I like personally, so get all those things that
• 25:19
  Speaker 3: take care of the rest will go into emergency funds.
• 25:21
  Speaker 2: So I feel secure. But see what that shows us
• 25:23
  Speaker 2: that we're all entirely different and therefore can't answer that
• 25:26
  Speaker 2: question directly for you. But what we can say is
• 25:29
  Speaker 2: we want you to be educated to make the decision
• 25:32
  Speaker 2: that is right for you. We've done episodes on inheritance before.
• 25:36
  Speaker 2: We've done episodes on coming into a sum of money
• 25:39
  Speaker 2: and how to make decisions around that. But there's no
• 25:41
  Speaker 2: one size fits all approached, and I think that's kind
• 25:44
  Speaker 2: of the outcome here. But also the driver behind she's
• 25:46
  Speaker 2: on the money, not lump sums of income. I wish
• 25:49
  Speaker 2: we could that could be the driver for everybody, but
• 25:51
  Speaker 2: more giving you the education you deserve to make the
• 25:54
  Speaker 2: right decision in situations like this.
• 25:56
  Speaker 4: Yeah, and if you want to find that episode, you
• 25:58
  Speaker 4: can search up on spotfy O Apple. Its how to
• 26:00
  Speaker 4: Treat Inheritance with the Respective Deserves And it's a really
• 26:03
  Speaker 4: good episode.
• 26:04
  Speaker 2: All right, Let's move on because this week you guys
• 26:06
  Speaker 2: slid into our DMS about something a little bit I
• 26:09
  Speaker 2: would say spicy, because it can be a thickle topic
• 26:12
  Speaker 2: to discuss. This week, we're talking about sharing rent and
• 26:14
  Speaker 2: bills with a partner. So let me read out the
• 26:16
  Speaker 2: DM re received. Hi, she's on the money. I just
• 26:20
  Speaker 2: moved in with my new partner. We started our relationship
• 26:23
  Speaker 2: quite recently and soon moved in together. I did that too,
• 26:26
  Speaker 2: so like no judgment based. I live in a two
• 26:28
  Speaker 2: bedroom apartment and he moved in with just his personal stuff.
• 26:32
  Speaker 2: He didn't ring anything for the house, as we already
• 26:34
  Speaker 2: have a fully furnished place. We split rent fifty to fifty.
• 26:38
  Speaker 2: I'm starting to feel like this might be quite unfair,
• 26:40
  Speaker 2: as I've contributed to so much cool stuff for the
• 26:43
  Speaker 2: apartment and he gets to enjoy all of that for
• 26:46
  Speaker 2: the same price that I'm paying. We also share grocery
• 26:49
  Speaker 2: bills fifty to fifty, but he eats so much. He
• 26:53
  Speaker 2: buys a lot of expensive things that I don't consume,
• 26:55
  Speaker 2: such as the best branded peanut butter, so much meat.
• 26:59
  Speaker 2: He goes to them a lot, and I feel like
• 27:01
  Speaker 2: sharing the bills equally will also be unfair for me
• 27:04
  Speaker 2: in the long run. However, I'm afraid I'm gonna sound
• 27:07
  Speaker 2: stingy about bringing up the rent and grocery bills situation.
• 27:11
  Speaker 2: I'm on a seventy thousand dollars salary and my budget
• 27:13
  Speaker 2: is quite tight at the moment. Guys, what do we
• 27:18
  Speaker 2: think about this situation?
• 27:20
  Speaker 3: I think, furniture wise, it's still all your stuff. It's
• 27:23
  Speaker 3: kind of like if you move into a sharehouse and
• 27:25
  Speaker 3: like it's already furnished and you still get to enjoy
• 27:27
  Speaker 3: all the communal spaces.
• 27:29
  Speaker 2: Yeah, but they take it if they leave.
• 27:30
  Speaker 3: And they take it if they leave exactly, and if
• 27:32
  Speaker 3: you if it gets damaged in the meantime, like maybe
• 27:35
  Speaker 3: you spilt some red wine, like you pay for that.
• 27:37
  Speaker 3: Like so if anything is damaged, like obviously he will
• 27:42
  Speaker 3: kind of bear the financial burden.
• 27:43
  Speaker 2: Of that, but like, that's still all your stuff. I
• 27:46
  Speaker 2: would say not to worry about that. Yeah, I personally
• 27:48
  Speaker 2: wouldn't worry about that. I mean, I feel like maybe
• 27:52
  Speaker 2: this is an extension of you already feeling like there's
• 27:54
  Speaker 2: some inequity in the relationship, and so maybe that's a projection.
• 27:58
  Speaker 2: But also being like, oh, I've got cool stuff, in
• 28:00
  Speaker 2: the apartment, okay, Like you're gonna get rid of it
• 28:04
  Speaker 2: so that someone else can't enjoy it, At which point
• 28:06
  Speaker 2: I'm a bit confused as to why you wouldn't want
• 28:08
  Speaker 2: your partner to enjoy your stuff too, Like, I don't know,
• 28:11
  Speaker 2: it's a bit.
• 28:12
  Speaker 4: It's like he could have bought four but you already
• 28:14
  Speaker 4: had foks, Like why would he bring more forwards?
• 28:16
  Speaker 2: And why would he then pay because you already had forks? Yeah, Like,
• 28:19
  Speaker 2: don't get me wrong. It could be bigger things like
• 28:21
  Speaker 2: she's got like some fancy gaming system or something. I
• 28:25
  Speaker 2: don't know. I feel like your stuff was already in
• 28:28
  Speaker 2: the house. You could negotiate and be like, oh, I
• 28:30
  Speaker 2: actually really want a new couch, We're going to go
• 28:33
  Speaker 2: fifty to fifty or I'd like that to be your contribution,
• 28:36
  Speaker 2: because there might be some things that you want to
• 28:37
  Speaker 2: upgrade or change. But like, if it's not broke, why
• 28:40
  Speaker 2: fix it.
• 28:41
  Speaker 4: It's not something that you would pay more rent for.
• 28:43
  Speaker 4: Like it doesn't really make sense totally.
• 28:45
  Speaker 2: But now the food situational food and the rent switch, Yes,
• 28:49
  Speaker 2: let's talk through that. Yes, are you planning on moving
• 28:52
  Speaker 2: in with your girlfriend Beck?
• 28:54
  Speaker 3: She's a bit of a slow mover. I was like, what,
• 28:56
  Speaker 3: when's this gonna happen? She's like maybe like five six years?
• 28:58
  Speaker 3: Like see how we go?
• 29:00
  Speaker 2: Se what that is not a female same sex couple relationship?
• 29:04
  Speaker 2: Were usually Yeah, you usually you ho it and you've
• 29:07
  Speaker 2: moved point in two seconds and you're married next week exactly.
• 29:10
  Speaker 2: I'm not her talk. I will have a chat to
• 29:14
  Speaker 2: her because I'm ready right now. Okay, if you're ready
• 29:17
  Speaker 2: right now? How you splitting it? I think this is
• 29:18
  Speaker 2: the thing.
• 29:19
  Speaker 3: If I'm moving in with her or she's moving in
• 29:20
  Speaker 3: with me, I'm thinking, we just well, regardless whether we
• 29:23
  Speaker 3: find a new place or moving in with each other,
• 29:26
  Speaker 3: split the rent down the middle, split the utilities down
• 29:29
  Speaker 3: the middle, unless one of us works from home.
• 29:32
  Speaker 2: In that case we kind of have a conversation.
• 29:34
  Speaker 3: Sure, but food wise, it would be really tricky if
• 29:38
  Speaker 3: you're I guess one of you is eating a lot
• 29:40
  Speaker 3: more or has like different dietary requirements. I guess it's
• 29:43
  Speaker 3: easy for me to say because we kind of both
• 29:46
  Speaker 3: have the same dietrees and we both you know, eat
• 29:49
  Speaker 3: about the same amount.
• 29:51
  Speaker 2: Doesn't look like it, but we do.
• 29:52
  Speaker 3: And then I would say, like, you know, we kind
• 29:54
  Speaker 3: of go half and half, like she'll buy dinner one
• 29:57
  Speaker 3: I'll buy a dinner the other night. But in this situation,
• 29:59
  Speaker 3: because one of them is eating a significant amount more
• 30:03
  Speaker 3: than the other, like whether that's meat and.
• 30:06
  Speaker 2: I'm you know, meat, it's quite expensive.
• 30:08
  Speaker 3: I would literally just have a conversation about that and
• 30:10
  Speaker 3: be like, hey, I'm going to buy dinners for us,
• 30:12
  Speaker 3: like the breakfast and lunches.
• 30:13
  Speaker 2: We can like take additional stuff. Do you want to
• 30:16
  Speaker 2: just pick that up?
• 30:16
  Speaker 3: Exactly your additional stuff Like here I'm cooking like a
• 30:19
  Speaker 3: chicken pesto or something like that. Like and if he's like, oh,
• 30:22
  Speaker 3: that's not enough protein for me, Hey, any additional you
• 30:24
  Speaker 3: just grab for yourself. But like I'm just this is
• 30:26
  Speaker 3: what I've got in the pantry, is what I'm making.
• 30:29
  Speaker 2: And then yeah, kind of find a way.
• 30:31
  Speaker 3: But I know what you mean, Like you do want
• 30:32
  Speaker 3: to sound stingy. It is quite new still, as they mentioned,
• 30:36
  Speaker 3: and so it is a real tricky one. But I
• 30:38
  Speaker 3: would say, as it always comes down to communication is key.
• 30:42
  Speaker 2: Wow, I didn't see that coming, Jess. How do you
• 30:45
  Speaker 2: manage it?
• 30:46
  Speaker 4: I agree, like we split everything fifty to fifty, my
• 30:49
  Speaker 4: partner and I will in terms of like rent groceries
• 30:51
  Speaker 4: and bills and stuff.
• 30:53
  Speaker 2: But if like you're feeling like there's.
• 30:54
  Speaker 4: A lot of inequity, I think you know, similar to you,
• 30:57
  Speaker 4: My partner and I have pretty comparable in terms of
• 31:00
  Speaker 4: what we consume. I mean I work from homes. If anything,
• 31:02
  Speaker 4: I guess I'm chewing through electricity, but.
• 31:05
  Speaker 2: Hard money for you, Yes, let's not mention it. Hope
• 31:08
  Speaker 2: you're not listening, James. Yeh, keep that on the downlight.
• 31:10
  Speaker 4: No, But I think, like, if it's something that stresses
• 31:13
  Speaker 4: you out, And also I guess the salary thing, Like
• 31:15
  Speaker 4: she's mentioned she's on seventy thousand and she feels like
• 31:17
  Speaker 4: that's putting her on a tight budget. Is your partner
• 31:19
  Speaker 4: earning significantly more?
• 31:20
  Speaker 2: If that's the.
• 31:21
  Speaker 4: Case, maybe look at an equity split we've spoken about before, Like, yeah.
• 31:25
  Speaker 2: I was about to go, hey, can we rewind a
• 31:27
  Speaker 2: little bit because Jess has been on the show a
• 31:30
  Speaker 2: number of years now, and you guys might know that
• 31:33
  Speaker 2: Jess's partner used to study and we've spoken about it
• 31:35
  Speaker 2: publicly before on the show. Because Jess, you haven't always
• 31:38
  Speaker 2: split things fifty to fifty, have you? No?
• 31:41
  Speaker 4: We our rent at one point was split I paid
• 31:44
  Speaker 4: more because the place that we lived, you know, I
• 31:47
  Speaker 4: wanted more asthetic things.
• 31:48
  Speaker 2: He would live in a shock and couldn't.
• 31:50
  Speaker 4: Care less or men like that, and I was like, no, no,
• 31:53
  Speaker 4: like I need you and for work as well as
• 31:55
  Speaker 4: like I need like nice lighting because that's her content.
• 31:57
  Speaker 2: Yeah, just the simple things.
• 31:59
  Speaker 4: So I said I was happy to pay more because
• 32:01
  Speaker 4: I was like, well, I earn more and the place
• 32:03
  Speaker 4: that we would rent would be more expensive based on
• 32:05
  Speaker 4: what I want. So to me, I was like, that
• 32:07
  Speaker 4: seems reasonable, Like I'm happy to pay more rent totally.
• 32:10
  Speaker 4: And then obviously now he has a full time job,
• 32:12
  Speaker 4: he's graduated, and we've gone to fifty to fifty and
• 32:15
  Speaker 4: that works for us. You know, it's different for everybody,
• 32:17
  Speaker 4: I guess. But if this is something that our listener
• 32:19
  Speaker 4: is feeling pressured about, like, that's a great and very
• 32:22
  Speaker 4: reasonable conversation I think to have.
• 32:24
  Speaker 2: And that's where the conversation comes down to equity versus
• 32:28
  Speaker 2: equality in relationships, Like there is a difference between the two,
• 32:32
  Speaker 2: and splitting fifty to fifty might make sense for you guys,
• 32:35
  Speaker 2: because you're basically on the same page, earn very very
• 32:37
  Speaker 2: similar amounts, and you can call it a day, like
• 32:40
  Speaker 2: you and your partner are beck Yeah, but like, let's
• 32:43
  Speaker 2: go really dramatic for a hot sekend. If your partner
• 32:45
  Speaker 2: owns three hundred thousand dollars and your own fifty thousand dollars,
• 32:48
  Speaker 2: is that actually fair to split things fifty to fifty
• 32:51
  Speaker 2: and expect you to live up to the lifestyle of
• 32:54
  Speaker 2: your partner, or even if your partner's willing to live
• 32:58
  Speaker 2: on that fifty thousand dollar lifestyle, If and though they're
• 33:00
  Speaker 2: earning three hundred thousand dollars, is that fair that they
• 33:03
  Speaker 2: have so much more savings capacity in terms of percentage
• 33:07
  Speaker 2: than you when you know you're probably scraping by, Like
• 33:10
  Speaker 2: in this economy, you would absolutely be scraping by on
• 33:13
  Speaker 2: that salary trying to keep up. So I think it's
• 33:16
  Speaker 2: important to talk about you know, it's very normal to
• 33:19
  Speaker 2: want to split based on income, and so what we
• 33:22
  Speaker 2: haven't learned in that story or in that message is well,
• 33:25
  Speaker 2: how much does your partner earn? That should actually come
• 33:28
  Speaker 2: into the conversation. Are you not wanting to split it
• 33:31
  Speaker 2: because you're fifty to fifty and you know you earn
• 33:33
  Speaker 2: similar amounts and therefore you know he's actually just spending
• 33:36
  Speaker 2: more great have that conversation, but also is he earning
• 33:40
  Speaker 2: significantly more? And we need to have an equity conversation
• 33:44
  Speaker 2: about splitting it differently, because what's fair inside a relationship
• 33:49
  Speaker 2: doesn't mean dollar for dollar, and I think that sometimes
• 33:51
  Speaker 2: we just assume that because Beck paid a dollar, I
• 33:54
  Speaker 2: should pay a dollar. But it's different in a friendship
• 33:57
  Speaker 2: than it is inside a relationship because I'm you moved
• 34:00
  Speaker 2: in with them because you see a long term sitch happening. Yeah,
• 34:04
  Speaker 2: Like you're not moving in with somebody hopefully because you're like, ah,
• 34:07
  Speaker 2: let's move in with Jess right now, break up next year, yeah, Jess, Like,
• 34:11
  Speaker 2: let's just keep everything super separate and not get our
• 34:13
  Speaker 2: lives intertwined, like you are intertwining your lives because you're
• 34:17
  Speaker 2: moving in together. So I feel like these conversations need
• 34:20
  Speaker 2: to become second nature, especially now before life becomes more complicated,
• 34:24
  Speaker 2: before you're negotiating who's picking nappies up and who's going
• 34:27
  Speaker 2: to be paying for the mortgage and where the offset
• 34:29
  Speaker 2: account is sitting if those are goals of yours in
• 34:32
  Speaker 2: the future. So I think it's really important to talk
• 34:35
  Speaker 2: about sharing rent and bills with a partner and you
• 34:37
  Speaker 2: shouldn't feel bad because you know what, you might be humbled.
• 34:41
  Speaker 2: They might turn around and go, well, Beck, I know
• 34:44
  Speaker 2: that you are saying that I should be spending less
• 34:47
  Speaker 2: on meat. Can you stop putting all your makeup into
• 34:50
  Speaker 2: the daily expenses categories? You know, every time we go,
• 34:54
  Speaker 2: you're picking stuff up the supermarket, spending an extra fifty bucks? Like,
• 34:58
  Speaker 2: so I think we should also look at well, are
• 35:00
  Speaker 2: you spending quote your money collectively together? And that fifty
• 35:05
  Speaker 2: to fifty might actually be distributed differently. Yes, you might
• 35:08
  Speaker 2: be tunnel visioned and only seeing the meet Is there
• 35:10
  Speaker 2: something of yours that maybe evens it out? And you
• 35:13
  Speaker 2: might go, oh, actually, I might not say anything because
• 35:15
  Speaker 2: it's actually working out well and maybe he's thought of
• 35:18
  Speaker 2: it as well, or is it actually not even? And
• 35:21
  Speaker 2: we need to have this conversation.
• 35:23
  Speaker 4: If anything like the longer you live with someone, whether
• 35:27
  Speaker 4: like regardless of how much or how little you share
• 35:29
  Speaker 4: your expenses, you need to be able to have the conversation,
• 35:31
  Speaker 4: like it's a skill really to be able to talk
• 35:34
  Speaker 4: to them comfortably and openly.
• 35:37
  Speaker 2: And so it starts with things like this. And if
• 35:39
  Speaker 2: you can't talk about things like this, as money gets
• 35:41
  Speaker 2: more complicated, It will get harder and harder to start
• 35:45
  Speaker 2: those money conversations. So the searcher, the better. My friends,
• 35:47
  Speaker 2: what did everybody else say? So we obviously took this
• 35:51
  Speaker 2: to the community. It's one of my favorite things. We said,
• 35:53
  Speaker 2: tell us your two cents, and obviously you did. Definitely
• 35:57
  Speaker 2: tell us your two cents. Couple said it's to depend
• 36:00
  Speaker 2: on income. I'm definitely all for equity in terms of
• 36:03
  Speaker 2: rent if you have different salaries, But the furniture does
• 36:05
  Speaker 2: seem a little extreme. Someone said, a fifty to fifty
• 36:10
  Speaker 2: grocery split feels like you're funding his hobby, not just
• 36:13
  Speaker 2: the essentials. That's true, true, that's fair. Totally agree that
• 36:17
  Speaker 2: she shouldn't have to pay more for groceries if he's
• 36:19
  Speaker 2: eating more. A good conversation to have. Someone said, if
• 36:23
  Speaker 2: you're really worried about this stuff, are you actually ready
• 36:25
  Speaker 2: to live with someone else? Well, now that's a good question.
• 36:29
  Speaker 2: You don't want to share your expensive couch?
• 36:32
  Speaker 1: Well?
• 36:32
  Speaker 2: Yeah, someone else said, this stuff should have been discussed
• 36:36
  Speaker 2: before moving in together. Like, totally, I totally understand that.
• 36:40
  Speaker 2: But you know what, we can't think of everything now, Yes,
• 36:44
  Speaker 2: do you know what? Sometimes I really hate when people
• 36:47
  Speaker 2: are like, well you should have done it differently, that
• 36:49
  Speaker 2: doesn't happen. Oh yeah, really helpful for it, ex thanks
• 36:52
  Speaker 2: for that, But I'm here now, So where's the advice
• 36:54
  Speaker 2: for now exactly? I feel like I've been getting really
• 36:57
  Speaker 2: up and ante on and not replying or anything, but
• 37:00
  Speaker 2: like seeing lots of like Facebook posts where people are
• 37:02
  Speaker 2: asking for advice and people are jumping in being like,
• 37:05
  Speaker 2: well you shouldn't have done it to begin with. I'm like, Susan,
• 37:08
  Speaker 2: we're here now, Like, just let it be, let it be,
• 37:10
  Speaker 2: sit down. Have you got advice or you're just being
• 37:13
  Speaker 2: hag so annoyed. I have way less patience people who
• 37:18
  Speaker 2: say becoming a parent gives you like a beautiful level
• 37:21
  Speaker 2: of patience, Denada, mine's worse. Some of you said, my
• 37:25
  Speaker 2: partner pays more because he earns significantly more than me.
• 37:28
  Speaker 2: They need to have that chat, which is exactly what
• 37:30
  Speaker 2: we've said. Someone said, maybe having a joint account for
• 37:33
  Speaker 2: every joint expense and then separate everything else for personal
• 37:37
  Speaker 2: like his meat consumption. Someone said, same as me, my
• 37:41
  Speaker 2: partner eats a lot more, but I have some expensive
• 37:43
  Speaker 2: hobbies too. I just let it go. So I think
• 37:46
  Speaker 2: that's important to kind of balance it out, as I said,
• 37:49
  Speaker 2: maybe you're picking up some stuff, or maybe he goes well, actually, Jess,
• 37:53
  Speaker 2: like you get all of those expensive ice creams and
• 37:55
  Speaker 2: you say that I can have them, but I never
• 37:57
  Speaker 2: eat them because I don't like them. Even out I'm
• 38:00
  Speaker 2: not saying it will. That's why you have the trouble.
• 38:03
  Speaker 2: You always want to have an open mind. Someone said,
• 38:06
  Speaker 2: make sure that they understand a partnership. You're on the
• 38:09
  Speaker 2: same team. One of you shouldn't be struggling, so speak up. Yeah,
• 38:12
  Speaker 2: which I think is a good place to leave what
• 38:14
  Speaker 2: your two cents were. We did ask a few other questions,
• 38:16
  Speaker 2: and we said, if this was you, would you expect
• 38:19
  Speaker 2: your partner to pay more rent because the place is furnished,
• 38:22
  Speaker 2: And nineteen percent of you said yes, and eighty one
• 38:24
  Speaker 2: percent of you said absolutely not. I wouldn't care. I'm
• 38:27
  Speaker 2: just surprised about higher than I thought it would be.
• 38:29
  Speaker 2: But I was really surprised about that. And then someone said,
• 38:31
  Speaker 2: if you live with your partner, how do you split
• 38:33
  Speaker 2: your groceries? Fifty seven percent of you split it fifty
• 38:36
  Speaker 2: to fifty and forty three percent of you split the
• 38:39
  Speaker 2: basics and pay for other items. Separately, So I feel
• 38:42
  Speaker 2: like that's some good insight as well. But my friends
• 38:45
  Speaker 2: sadly for my first Friday Drinks back, we've run out
• 38:49
  Speaker 2: of time it We'll have to do it again next week. Yeah,
• 38:53
  Speaker 2: it's really nice to have you back up cours. Thank you, babies.
• 38:56
  Speaker 2: I'm excited to be back as well. Genuinely, my favorite
• 38:59
  Speaker 2: thing in the entire high world is this podcast. So
• 39:01
  Speaker 2: I feel like I was itching and ready to go
• 39:03
  Speaker 2: at like three weeks. I think I was messaging Jess
• 39:06
  Speaker 2: being like, can I come back? And She's like, absolutely not.
• 39:08
  Speaker 2: We've got guest scheduled. You're not kicking them off the show.
• 39:10
  Speaker 2: And I was like, oh okay, I will wait my turn. Sorry,
• 39:12
  Speaker 2: sorry buddy. It has been a pleasure. I have loved seeing
• 39:15
  Speaker 2: you guys and being back in the studio. But till then,
• 39:18
  Speaker 2: we will see you next week on Monday from Money Jaries, Bright,
• 39:21
  Speaker 2: Fresh and early, and another Friday Drinks next week, So
• 39:24
  Speaker 2: see you later and have their best weekend guys, Bye guys. Bye.
• 39:35
  Speaker 2: The advice shared on She's on the Money is general
• 39:38
  Speaker 2: in nature and does not consider your individual circumstances. She's
• 39:42
  Speaker 2: on the Money exists purely for educational purposes and should
• 39:45
  Speaker 2: not be relied upon to make an investment or financial decision.
• 39:49
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• 39:51
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